Is Hunan Oil Pump Co., Ltd.'s (SHSE:603319) Latest Stock Performance A Reflection Of Its Financial Health?
Is Hunan Oil Pump Co., Ltd.'s (SHSE:603319) Latest Stock Performance A Reflection Of Its Financial Health?
Most readers would already be aware that Hunan Oil Pump's (SHSE:603319) stock increased significantly by 30% over the past month. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Hunan Oil Pump's ROE today.
大多数读者已经意识到,湖南石油泵业(SHSE: 603319)的股票在过去一个月中大幅增长了30%。由于市场通常会为公司的长期基本面买单,因此我们决定研究公司的关键绩效指标,看看它们是否会影响市场。特别是,我们今天将关注湖南石油泵业的投资回报率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。简而言之,它衡量公司相对于股东权益的盈利能力。
How To Calculate Return On Equity?
如何计算股本回报率?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Hunan Oil Pump is:
因此,根据上述公式,湖南油泵的投资回报率为:
13% = CN¥226m ÷ CN¥1.7b (Based on the trailing twelve months to December 2023).
13% = 2.26亿元人民币 ÷ 17亿元人民币(基于截至2023年12月的过去十二个月)。
The 'return' is the yearly profit. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.13 in profit.
“回报” 是每年的利润。另一种思考方式是,每持有价值人民币1元的股权,该公司就能赚取0.13元人民币的利润。
Why Is ROE Important For Earnings Growth?
为什么投资回报率对收益增长很重要?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
我们已经确定,投资回报率是衡量公司未来收益的有效盈利指标。根据公司选择将多少利润进行再投资或 “保留”,我们便能够评估公司未来创造利润的能力。一般而言,在其他条件相同的情况下,股本回报率和利润留存率高的公司的增长率要高于不具有这些属性的公司。
Hunan Oil Pump's Earnings Growth And 13% ROE
湖南石油泵业的收益增长和13%的投资回报率
To begin with, Hunan Oil Pump seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 7.5%. This certainly adds some context to Hunan Oil Pump's decent 16% net income growth seen over the past five years.
首先,湖南石油泵业的投资回报率似乎相当不错。此外,该公司的投资回报率与行业平均水平的7.5%相比相当不错。这无疑为湖南石油泵业在过去五年中实现的16%的净收入增长增添了一些背景信息。
We then compared Hunan Oil Pump's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 11% in the same 5-year period.
然后,我们将湖南石油泵业的净收入增长与该行业进行了比较,我们很高兴地看到,该公司的增长数字比同期同期增长11%的行业更高。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240314/0-d726c37a0f1990432a25eee126912bb1-0-633adcb7744e91df4453f515f69e6659.png/big)
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Hunan Oil Pump is trading on a high P/E or a low P/E, relative to its industry.
收益增长是股票估值的重要因素。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。然后,这可以帮助他们确定股票是面向光明还是暗淡的未来。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查湖南石油泵业相对于其行业是高市盈率还是低市盈率。
Is Hunan Oil Pump Using Its Retained Earnings Effectively?
湖南油泵是否有效使用其留存收益?
Hunan Oil Pump has a healthy combination of a moderate three-year median payout ratio of 34% (or a retention ratio of 66%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits.
湖南石油泵业的三年中位派息率适中,为34%(或66%的留存率),加上我们在上面看到的可观的收益增长,这意味着该公司一直在有效利用其利润。
Additionally, Hunan Oil Pump has paid dividends over a period of seven years which means that the company is pretty serious about sharing its profits with shareholders.
此外,湖南石油泵业已在七年内派发了股息,这意味着该公司非常认真地与股东分享利润。
Conclusion
结论
Overall, we are quite pleased with Hunan Oil Pump's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
总的来说,我们对湖南油泵的表现非常满意。具体而言,我们喜欢该公司以高回报率再投资其利润的很大一部分。当然,这导致该公司的收益大幅增长。话虽如此,最新的行业分析师预测显示,该公司的收益有望加速。要详细了解分析师对公司的最新预测,请查看该公司的分析师预测的可视化。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。